INTRODUCTION
“The best and most successful organisations recognise that they will only prosper in the long term if they satisfy the aspirations of their stakeholders; including customers, suppliers, employees, local communities, investors, governments, public interest and environment groups. To satisfy this intense scrutiny and the demands for greater accountability in society, businesses and other organisations are increasingly recognising the need to measure, track and report on their social and ethical performance.”
'Ethics' in purchasing and supply management can relate to a wide range of issues from doubts about suppliers' business procedures and practices to corruption.
Decisions on ethics and corporate social responsibility are at the heart of corporate strategy. They particularly influence the purpose of the organisation. By ethics and corporate social responsibility is meant the standards and conduct that an organisation sets itself in its dealings within the organisation and outside with its environment.
Ethics is particularly concerned with the basic standards for the conduct of business affairs for example, policy with regard to honesty, health and safety and corrupt practice.
Corporate social responsibility has a wider remit to include the organisation’s responsibility beyond the minimum to its employees and those outside the organisation. Topics will vary with each organisation but may include environmental ‘green’ issues, treatment of employees and suppliers, charitable work and other matters related to the local or national community
not conforming to approved standards of social or professional behavior; "unethical business practices"
QUESTION 1 B
INTRODUCTION
The Chartered Institute of Management defines codes of ethics as a set of principles or values, used by organizations to steer the conduct of both the organization itself and its employees, in all their business activities, both internal and in relation to the